STORY OF THE WEEK
Swedish investor buys into Polish company Capital Park

Story of the week

28
May
2020

Swedish investor buys into Polish company Capital Park

by Property Forum
Europi Property Group has acquired a 12.3% stake in Capital Park, an owner, operator and developer of office and mixed-use assets in Poland, predominantly Warsaw. While EPG had been tracking the company since late 2019, the opportunity to invest arose as a result of the market distress in March, enabling the acquisition at an attractive discount to the net asset value.
Read more >

Investment

29
May
2020

Hungary’s Optima receives green light for GTC acquisition

by Property Forum
The competition authorities of Poland, Hungary and Serbia have all granted consent for Optimum Ventures Private Equity Fund’s takeover of a majority shareholding (61.49%) in Globe Trade Centre S.A., a Polish company trading on the Warsaw Stock Exchange and Johannesburg Stock Exchange.
Read more >
Adventum International acquires Wrocław office building KKR commits $1 billion to data centre platform in Europe Australian investor pulls out of takeover of Polish developer

Office

28
May
2020

Atenor completes fifth building of Budapest complex

by Property Forum
The fifth, 25,053 sqm building (Building F) of the Váci Greens office complex, already having a 67% occupancy rate, has received the occupancy permit. The first tenants are going to move in in June. Located in the heart of the Váci Corridor, the hand-over of the sixth and last building of the office campus, Building E will take place in September 2020. Thus, the development of Váci Greens will be finished by Belgian developer Atenor this year.
Read more >
Bluehouse refurbishes Warsaw office building Hagag and Global Vision sign PM agreement for Bucharest office building C&W to manage Amundi’s Warsaw office property

Report

28
May
2020

Recovery could take at least a year for Europe’s automotive sector

by Property Forum
Reduced output in March & May in the automotive sector could change the typical activity curve in 2020, with busier summer months ahead to make up for lost time. Colliers International has just launched its recent research piece in which e it discusses the importance of particular months for the manufacturing sector in the EMEA region as well as presents the outlook for the coming months.
Read more >
Echo Investment increases portfolio value by 20% Immofinanz reports negative net profit for Q1 2020 Europe’s real estate investment crash to be short-lived

Industrial

28
May
2020

Panattoni hands over BTS facility near Wrocław

by Property Forum
Panattoni has completed the construction of the 8,260-square-metre logistics centre for DSV Solutions in Skarbimierz. The BTS facility is dedicated to handling the logistics of two Mondelēz International production plants in the vicinity – a chocolate factory and a gum & candy factory. The project was delivered at the Wałbrzych Special Economic Zone, and logistics operations at the facility started two weeks early – at the end of April.
Read more >
Panattoni introduces new green façade standard Logistics developers focus on BTS projects in Romania Demand could increase for BTO logistics projects

Residential

27
May
2020

Atenor obtains building permit for new Bucharest project

by Property Forum
Belgian developer Atenor has obtained a building permit for its Up-Site Bucharest project which will consist of 270 residential units in two glass towers of 12 and 24 floors. Upon completion, these two towers will be the tallest residential buildings in the Romanian capital.
Read more >
Hagag sells 60% of units in Bucharest residential project Rock Development starts €30 million resi project in Bucharest Gran Via to reopen sales offices

Retail

27
May
2020

Over half of Poles visited shopping centres soon after reopening

by Property Forum
According to a study conducted by research body Inquiry for the Polish Council of Shopping Centres (PRCH), 51% of those surveyed visited shopping centres in the first week after they reopened following the easing of the lockdown measures. Out of these, 64% visited shopping centres to make specific purchases, while 31% went to browse the stores or to seek out promotions.
Read more >
Shopping centre owners in Romania ask government for reopening NEPI Rockcastle postpones opening of €70 million Romanian shopping centre NEPI Rockcastle reopens Budapest shopping centres

Career

18
May
2020

Colliers to launch back-to-work advisory service

by Property Forum
Businesses and landlords needing advice on how to safely bring their staff and tenants back to the office after the COVID-19 lockdown can now receive recommendations within a week from experts at Colliers International. The global real estate consultancy is using expertise from its Workplace Advisory and Project Management teams, within the EMEA Occupier Services department, to provide, quick, detailed and innovative solutions to maximise office capacity – including cost estimates.
Read more >
Colliers extends its services with legal advice in Poland Panattoni hires former Amazon and WeWork director Panattoni donates €110,000 worth of supplies to Polish hospitals

Hotel

11
May
2020

COVID-19 to decrease Poland’s active hotel stock

by Property Forum
Although plans related to the introduction of new projects will now be thoroughly verified, investors' interest in the hotel sector in Poland is still high. The latest report by consulting company Walter Herz shows that the number of categorized hotel facilities in Poland has increased by over 30% since 2012.
Read more >
C&W: 41% of hotel investors still looking at opportunities CEE hotel deals put on hold due to COVID-19 Marriott taking extraordinary measures to survive the global lockdown

Interview

11
May
2020

COVID-19 could halt the rise of domestic investors in Romania

by Ákos Budai
The COVID-19 pandemic has to put a halt to years of uninterrupted growth on the Romanian property investment market. Andrei Vacaru, Head of Capital Markets at JLL Romania shared his market outlook with Property Forum.
Read more >
Digital is the only way for residential developers Can the current lockdown change shopping habits in the long run? Will things go back to normal by Q3 2020?

Economy

08
May
2020

Austrian PMI sinks to record low

by Property Forum
UniCredit Bank Austria's Purchasing Managers' Index sink to a record low of 31.6 points in April. A strong rebound is expected from Q3 2020 after the easing of lockdown restrictions.
Read more >
Hungary to reintroduce 5% VAT rate for certain residential projects Are we slowly getting back to normal? Hungary to weather the storm better than most, IMF says

ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Milan, Germany, Bucharest, Budapest, Belgrade, Bratislava and Prague.
MORE >

FORUMS

CONTACT

NEWSLETTER

Sign up today for the latest news

I have read the Privacy Policy of International Property Network Inc. and I consent to International Property Network Inc. sending me newsletters and managing my personal data provided for this purpose.

 

Property Forum © 2017     Terms & conditions | Privacy policy